Moomoo's Parent Company Futu Releases Q3 Earnings Result with US$442.3 Million in Total Revenues, a 29.6 % YoY Increase
Futu Holdings (Nasdaq: FUTU) reported strong Q3 2024 results with total revenues of US$442.3 million, up 29.6% YoY, and non-GAAP adjusted net income of US$180 million, increasing 20.8% YoY. Global users reached 24.1 million, with paying clients approaching 2.2 million, up 33.1% YoY. Total client assets grew to US$89.2 billion, rising 48.1% YoY. Trading volume increased to US$245 billion, up 74.7% YoY. The company saw significant growth in newly penetrated markets, with Japan, Canada, and Malaysia recording double-digit increases in account openings and client assets. The wealth management business achieved record growth with assets under management reaching US$12.5 billion.
Futu Holdings (Nasdaq: FUTU) ha riportato risultati solidi per il terzo trimestre del 2024, con ricavi totali di 442,3 milioni di dollari USA, in aumento del 29,6% rispetto all'anno precedente, e un utile netto rettificato non-GAAP di 180 milioni di dollari USA, in crescita del 20,8% anno su anno. Gli utenti globali hanno raggiunto 24,1 milioni, con clienti paganti che si avvicinano a 2,2 milioni, in aumento del 33,1% rispetto all'anno scorso. Le attività totali dei clienti sono cresciute fino a 89,2 miliardi di dollari USA, in aumento del 48,1% rispetto all'anno precedente. Il volume di trading è aumentato a 245 miliardi di dollari USA, in crescita del 74,7% anno su anno. L'azienda ha visto una crescita significativa nei mercati appena penetrati, con Giappone, Canada e Malesia che hanno registrato aumenti a doppia cifra nelle aperture di conti e nelle attività dei clienti. L'attività di gestione patrimoniale ha raggiunto una crescita record con attività sotto gestione pari a 12,5 miliardi di dollari USA.
Futu Holdings (Nasdaq: FUTU) reportó resultados sólidos en el tercer trimestre de 2024, con ingresos totales de 442,3 millones de dólares estadounidenses, un aumento del 29,6% en comparación con el año anterior, y un ingreso neto ajustado no-GAAP de 180 millones de dólares estadounidenses, aumentando un 20,8% interanual. El número de usuarios globales alcanzó 24,1 millones, con clientes de pago acercándose a 2,2 millones, un incremento del 33,1% interanual. Los activos totales de los clientes crecieron a 89,2 mil millones de dólares estadounidenses, lo que representa un aumento del 48,1% en comparación con el año anterior. El volumen de transacciones aumentó a 245 mil millones de dólares estadounidenses, un incremento del 74,7% interanual. La compañía vio un crecimiento significativo en mercados recién penetrados, con Japón, Canadá y Malasia registrando aumentos de dos dígitos en la apertura de cuentas y activos de clientes. El negocio de gestión de patrimonio alcanzó un crecimiento récord, con activos bajo gestión que llegaron a 12,5 mil millones de dólares estadounidenses.
Futu Holdings (Nasdaq: FUTU)는 2024년 3분기 실적이 뛰어나, 총 수익이 4억 4,230만 달러에 달하고, 이는 전년 대비 29.6% 증가했으며, 비GAAP 조정 순이익은 1억 8,000만 달러로 전년 대비 20.8% 증가했습니다. 전 세계 사용자는 2,410만 명에 이르고, 유료 고객 수는 220만 명에 가깝고, 이는 전년 대비 33.1% 증가했습니다. 고객의 총 자산은 8,920억 달러로 증가하며, 이는 전년 대비 48.1% 상승했습니다. 거래량은 2,450억 달러로 증가하며, 74.7% 성장했습니다. 이 회사는 일본, 캐나다 및 말레이시아와 같은 신규 진출 시장에서 계좌 개설 및 고객 자산에서 두 자릿수 증가를 기록하며 상당한 성장을 보았습니다. 웰스 매니지먼트 사업부는 관리 자산이 125억 달러에 도달하여 기록적인 성장을 달성했습니다.
Futu Holdings (Nasdaq: FUTU) a rapporté de solides résultats pour le troisième trimestre de 2024, avec des revenus totaux de 442,3 millions de dollars américains, en hausse de 29,6% par rapport à l'année précédente, et un revenu net ajusté non-GAAP de 180 millions de dollars américains, augmentant de 20,8% d'une année sur l'autre. Le nombre d'utilisateurs globaux a atteint 24,1 millions, avec des clients payants approchant les 2,2 millions, en hausse de 33,1% par rapport à l'année précédente. Les actifs totaux des clients ont augmenté pour atteindre 89,2 milliards de dollars américains, soit une augmentation de 48,1% par rapport à l'année précédente. Le volume de trading a augmenté pour atteindre 245 milliards de dollars américains, en hausse de 74,7% d'une année sur l'autre. L'entreprise a connu une croissance significative sur les marchés récemment pénétrés, le Japon, le Canada et la Malaisie enregistrant des augmentations à deux chiffres dans l'ouverture de comptes et les actifs des clients. L'activité de gestion de patrimoine a atteint une croissance record avec des actifs sous gestion atteignant 12,5 milliards de dollars américains.
Futu Holdings (Nasdaq: FUTU) berichtete im 3. Quartal 2024 über starke Ergebnisse mit Gesamteinnahmen von 442,3 Millionen US-Dollar, was einem Anstieg von 29,6% im Vergleich zum Vorjahr entspricht, sowie einem nicht-GAAP bereinigten Nettogewinn von 180 Millionen US-Dollar, was einen Anstieg von 20,8% im Jahresvergleich darstellt. Die globalen Nutzer erreichten 24,1 Millionen, wobei die zahlenden Kunden sich mit fast 2,2 Millionen um 33,1% im Jahresvergleich erhöhten. Das Gesamtvermögen der Kunden stieg auf 89,2 Milliarden US-Dollar, was einem Anstieg von 48,1% im Jahresvergleich entspricht. Das Handelsvolumen erhöhte sich auf 245 Milliarden US-Dollar, was eine Steigerung von 74,7% im Jahresvergleich darstellt. Das Unternehmen verzeichnete ein erhebliches Wachstum in neu erschlossenen Märkten, wobei Japan, Kanada und Malaysia zweistellige Zuwächse bei Kontoeröffnungen und Kundenvermögen verzeichneten. Das Vermögensverwaltungsgeschäft erzielte ein Rekordwachstum mit einem verwalteten Vermögen von 12,5 Milliarden US-Dollar.
- Revenue growth of 29.6% YoY to US$442.3 million
- Non-GAAP adjusted net income increased 20.8% YoY to US$180 million
- Total client assets grew 48.1% YoY to US$89.2 billion
- Trading volume up 74.7% YoY to US$245 billion
- Paying clients increased 33.1% YoY to 2.2 million
- Assets under management reached US$12.5 billion with 22% QoQ growth
- None.
Insights
FUTU delivered an impressive Q3 with significant growth across key metrics.
Trading volumes surged to
The platform's expanding product offerings, including crypto trading in HK and Singapore and the first-mover advantage in US options trading in Malaysia, position FUTU well for continued growth.
The strategic expansion into multiple markets with localized offerings is creating a robust competitive moat. The platform's success in Malaysia, gaining over 500,000 users in just seven months, demonstrates the effectiveness of FUTU's market penetration strategy. The company's position as HK's leading digital brokerage, combined with strong growth in US stock trading volume (
The introduction of new products like the Dividend Reinvestment Plan in Australia and fund products in Japan and Malaysia shows adaptability to local market preferences. This multi-market approach reduces dependency on any single region and creates multiple growth vectors, particularly important given the current global market dynamics.
The Company maintained robust growth, with its global users reaching over 24.1 million and paying clients approaching 2.2 million by the end of Q3, representing an increase of
The Company's strong quarterly result was also reflected in the trading activities across its platforms, with the total trading volume increasing to
Strong stock trading momentum across seven markets
Q3 marked another robust quarter for the Company's stock trading activities, particularly in US stocks. Global trading volume for US stocks grew by
At the end of Q3, as Chinese assets attracted substantial global capital inflows, the Company's platforms experienced a significant surge in trading activities in HK stocks and China A-shares via Stock Connect. Entering into Q4, the Company will continue consolidating its one-stop investment platforms, enabling its clients to swiftly respond to and capitalize on market opportunities.
Deepened localization strategy to drive market growth
In its global expansion, the Company remains committed to a localized market strategy, tailoring its offerings and services to address the needs of local investors. In Q3, the Company launched the Dividend Reinvestment Plan for US stocks in
Such a deepened localization strategy has propelled strong business growth. The Company achieved growth in paying clients across all seven markets, with double-digit QoQ increases in
To strengthen connections with local investment communities and promote financial literacy, moomoo brought its flagship investment event, MooFest, to
Expanding offerings to connect local investors with global opportunities
This quarter, the Company continuously broadened its offerings to help investors unlock new opportunities. In
The global expansion of the wealth management business also accelerated, driving total assets under management to
Building on strong momentum, the Company will continue its expansion and innovation in Q4 and beyond, aiming to further enhance its capabilities and services to empower investors worldwide to achieve their financial goals.
About moomoo
Moomoo is a leading global investment and trading platform dedicated to empowering investors with user-friendly tools, data, and insights. Our platform is designed to provide essential information and technology, enabling users to make well-informed investment decisions. With advanced charting tools, pro-level analytical features, moomoo evolves alongside our users, fostering a dynamic community where investors can share, learn, and grow together.
Founded in the US, moomoo operates globally, serving investors in countries such as the US,
For more information, please visit moomoo's official website at www.moomoo.com
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SOURCE moomoo
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